Bastos resigns as head of Brazil’s BNDES development bank
| Reuters

SAO PAULO May 26 Maria Silvia Bastos has
resigned as head of BNDES due to personal reasons, the Brazilian
development bank said in a statement on Friday.

BNDES director Ricardo Ramos will take over her position on
an interim basis, the statement said. BNDES has been ensnared in
recent months in a mounting political scandal over investments
in JBS SA, the world’s largest meatpacker, years
before Bastos took over at the helm of the bank.
(Reporting by Rodrigo Viga Gaier; Writing by Bruno Federowski;
Editing by Frances Kerry)